CMA sets out the issues in Amazon’s Deliveroo investment January 28, 2020 The Competition and Markets Authority (CMA) has today laid out plans for the next stage of its investigation into the Amazon and Deliveroo tie-up. The regulator has set out the key areas it plans to assess. It includes whether the deal could damage competition in the online restaurant food delivery market and the emerging market [...]
Evolving ESG June 2, 2023 As the world becomes more socially and environmentally conscious, impactful ESG policies have become integral to corporate strategies. Stakeholders at every level, be they shareholders, employees, or consumers are demanding more of them, and firms should look to embrace this as a chance to make radical positive change. These increasing public expectations have been accompanied [...]
Exclusive: Ambl app for restaurant reservations secures £2.3m cash injection November 17, 2022 A pair of childhood best friends hope to become the Uber or Gorillas of Londoners’ nights-out, after cinching £2.3m funding. Tech start-up Ambl, which was founded by Essex entrepreneurs Aaron Solomon and Jed Hackling, helps diners find an eleventh hour reservation. The app has secured £2.3m in seed capital, with investors including Jon Spiteri of [...]
Fast growing UK firms shelve IPO plans amid market turbulence June 29, 2022 Fast growing UK firms are shelving plans for initial public offerings in droves as a looming recession and inflationary pressures batter public markets, a survey has revealed.
London grocery delivery app Dija snapped up by rival GoPuff November 10, 2021 London-based grocery app Dija has reportedly been sold to larger rival GoPuff amid fierce competition in the UK’s nascent rapid delivery market. The startup is set to announce the sale tomorrow, just five months after it launched, Sky News reported. While details of the deal will not be disclosed, the takeover will reportedly value Dija [...]
Uber pulls out of Hong Kong after battling for portion of delivery market November 30, 2021 Uber is set to pull out of Hong Kong after its food delivery business failed to dig into a sizeable portion of the market. The delivery giant will exit the city state after five years at the end of December, declaring it a “difficult decision” in an online statement today. Uber will not leave the [...]
I’m not leaving this sofa: Takeaway orders soar during England goal-feast July 6, 2021 Football fans made over one million orders on JustEat over the course of Saturday evening as England waltzed past Ukraine in Rome. The match kicking off in the primetime slot of 8pm on a balmy Saturday evening encouraged 2,500 orders being placed per minute. The most popular order was burgers, followed by pizza. While the [...]
Index Ventures invests $1bn into UK startups and will create 5000 jobs within a year July 23, 2021 Transatlantic venture capital firm Index Ventures has raised $3.1bn in new funds and directly invested $1bn in UK startups to create 5000 British jobs in the next year. Index’s latest cash injection comes just a year after Index raised its last set of $2bn funds. The UK is Index’s single largest destination for investments in Europe, and [...]
As help to buy winds down, caps on savings schemes will only hinder home ownership March 30, 2023 Help to Buy, an equity loan scheme, helped hundreds of thousands of first time buyers get on the housing ladder, as it ends, it makes lifting the cap on Lifetime ISAs all the more important, writes Annabelle Williams
Mishcon de Reya postpones IPO due to volatile market conditions January 31, 2022 London law firm Mishcon de Reya has said it is temporarily postponing its IPO due to “volatile” market conditions. The delay comes as another blow to London’s stock market, following a series of disappointing IPOs over the previous year. Mishcon de Reya’s senior leadership decided to put the firm’s IPO on hold, following conversations [...]